Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$673,546+1.9% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$146,011About 1.2× the local median income ($123,840): a stretch for a typical household
Days on market38 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+0.6%Zillow expects prices to rise slightly
The typical home in Alexandria City, VA is worth $673,546, up 1.9% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $717,512, so the area is 6.1% undervalued. It is a buyer's market: homes take about 38 days to sell, listings are up 35% from a year ago, 26% of listings have had a price cut. Zillow expects prices to rise about 0.6% over the next year. A household needs about $146,011 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $123,840. Typical rent is $2,243 a month, or $2,992 for a house. In the latest IRS figures, 1,980 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$673,546
Change in 1 year
+1.9%
Overvalued %
−6.1%
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Fair home value
$717,512
Change in 5 years
+10.7%
Zillow forecast, next 12 months
+0.6%
Home value to income
5.4×
Monthly mortgage payment (20% down)
$3,650
Income needed to afford it
$146,011
Property tax rate
0.96%
Rent and investing
Typical rent
$2,243
Typical rent for houses
$2,992
Price-to-rent ratio
25.0×
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HUD Fair Market Rent, 2 bedrooms
$2,438
Gross rental yield
4.00%
Cap rate (estimate)
2.60%
Market activity
Listings vs a year ago
+34.9%
Days on market
38
Listings with a price cut
25.6%
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Homes for sale
468
Pending sales per 100 listings
22
Asking price per sq ft
$431
People and jobs
Median household income
$123,840
Population change (1 year)
+0.8%
Unemployment rate
3.3%
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Population
160,662
Income adjusted for cost of living
$113,719
Net moves in (IRS)
−1,980
Cost of living (US = 100)
108.9
Schools, risk and environment
School rating (1 to 10)
2.4
FEMA hazard risk score (0 to 100)
73.7
Unhealthy air days a year
0
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Flood risk score
81.8
Wildfire risk score
5.7
Walkability (1 to 20)
14.4
Road, rail and air noise
53 dB
Questions people ask
Is Alexandria City, VA overvalued?
Home prices in Alexandria City, VA are slightly below what local incomes have historically supported: fair value is about $717,512, so the area is 6.1% undervalued.
Is Alexandria City, VA a buyer's or seller's market?
Alexandria City, VA is a buyer's market: homes take about 38 days to sell, listings are up 35% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Alexandria City, VA?
Home values in Alexandria City, VA are up 1.9% over the last year. Zillow's forecast for the next 12 months is +0.6%.
How much do you need to earn to buy a home in Alexandria City, VA?
A household needs about $146,011 a year to afford the typical home in Alexandria City, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $123,840.